Raven Industries (Raven Industries) Asset Turnover : 0.26 (As of Jul. 2021)

Raven Industries Asset Turnover Chart

Raven Industries Annual Data
	Trend	Jan12	Jan13	Jan14	Jan15	Jan16	Jan17	Jan18	Jan19	Jan20	Jan21
Asset Turnover		Get a 7-Day Free Trial					0.92	1.20	1.18	1.00	0.86

Raven Industries Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Asset Turnover	Get a 7-Day Free Trial															0.20	0.24	0.20	0.27	0.26

Competitive Comparison of Raven Industries's Asset Turnover

For the Specialty Industrial Machinery subindustry, Raven Industries's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Raven Industries's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Raven Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Raven Industries's Asset Turnover falls into.

Raven Industries Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Raven Industries's Asset Turnover for the fiscal year that ended in Jan. 2021 is calculated as

Raven Industries's Asset Turnover for the quarter that ended in Jul. 2021 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Raven Industries  (NAS:RAVN) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Raven Industries's annulized ROE % for the quarter that ended in Jul. 2021 is

Note: The Net Income data used here is four times the quarterly (Jul. 2021) net income data. The Revenue data used here is four times the quarterly (Jul. 2021) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Raven Industries's annulized ROA % for the quarter that ended in Jul. 2021 is

Note: The Net Income data used here is four times the quarterly (Jul. 2021) net income data. The Revenue data used here is four times the quarterly (Jul. 2021) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Raven Industries Asset Turnover Related Terms

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Raven Industries (Raven Industries) Business Description